Hints and tips:
...This story has been updated to incorporate comments from BDO USA, including information on the use of funds from Apollo...
...Severance costs ran to $975mn, according to a company filing, though that cost was offset by “decreases in payroll, bonus and other benefits expenses”....
...There’s a private credit boom going on, and underworked, bonus-anxious investment bankers and their asset management colleagues are ON IT....
...Companies that received less than 75 per cent support for bonus plans jumped to 159 this year from 112 in 2022, Glass Lewis said....
...Step forward CLS Holdings USA, which said in its results for the quarter to the (conventional) end of February last year: We had revenue of $17,556,406 during the nine months ended February 30, 2032, an...
...Two people who attended the meeting said the fund, Pershing Square USA, could raise as much as $20bn. A spokesperson for Pershing Square declined to comment....
...funding round (FT) Farfetch shares plunge despite talk of founder taking it private (FT) René Benko’s Signa property group files for insolvency (FT) Deutsche Bank chief says EU should consider scrapping bonus...
...The Swiss regulator is also facing the wrath of another group: current and former Credit Suisse staff who received a bonus that was similar to AT1s and therefore lost hundreds of millions of dollars in the...
...Bonus: for the Silicon Valley crew it’s also the ultimate awayday — an off-your-face networking opportunity. Just look at former Google CEO Eric Schmidt, whose recruitment process involved a visit....
...Born in the USA: a New York law firm’s London coup DD readers are by now read up on US law firm Paul Weiss’s back-to-back raids on its higher-grossing rival Kirkland & Ellis, signalling its intent to edge...
...to Grail human resources that a subordinate who made a racist comment about Vietnamese people at a public sales event was not adequately punished and that the person in question was later awarded a cash bonus...
...Chief executive CS Venkatakrishnan’s bonus was cut by £403,000 and that of finance director Anna Cross by £166,000....
...Children’s wellbeing featured in briefs filed against Google’s position, with Child USA, a rights group, arguing the immunity granted by Section 230 has jeopardised children’s protection online amid a boom...
...Also bonus points for the use of graphics that lay out the agency’s omnichannel approach across different digital platforms....
...pool in half, with many senior managers expecting to miss out on bonus season altogether....
Scepticism about Michael Klein is being replaced with bonus anticipation
...For bonus reading, here’s Oaktree’s Howard Marks on lessons from Silicon Valley Bank (and a discussion of the commercial real estate risks many people are currently freaking out about)....
...(MgmtCo is how SoftBank describes Masa’s Delaware-incorporated MASA USA LLC vehicle.)...
...At the same time, it has changed the traditional bonus and profit point systems that top talent has been accustomed to....
...The award was for “certain scouting activities” and was worth €2.65mn at the subscription price of €2 per share, which included a €2.5mn bonus triggered by Tatatu’s flotation....
...Bonus pools of shares for investors who don’t redeem are an increasingly popular way to incentivise investors to remain in the merger....
...This year it made Orcel’s bonus solely tied to performance and added clawback provisions. UniCredit declined to comment....
...SCOTUS The Supreme Court will hear oral arguments in the 303 Creative LLC vs Elenis case....
...Arthur Smith, chair of Tinopolis USA, was also owed a similar sum....
...relatively unknown on Wall Street but respected internally, received a one-time promotion award of stock-based remuneration worth $12.5mn, as well as a salary increase from $600,000 to $1mn plus other bonus...
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